Trump’s unsound dollar intervention idea, Are financial services prepared for a no-deal Brexit?
Commentary: Trump’s unsound dollar intervention idea
By Mark Sobel in Washington
Markets are abuzz with rumours President Donald Trump will order the US Treasury to intervene in foreign exchange markets to weaken the dollar. On neither economic nor operational grounds is there a good case for intervention. The Trump administration has ramped up currency market aggression, constantly – and wrongly –...